ALAN C & JOAN P WILLIAMS 4
4 · VILLAGEEDOCS INC · Filed Aug 20, 2004
Insider Transaction Report
Form 4
VILLAGEEDOCS INCVEDO
ALAN C & JOAN P WILLIAMS
10% Owner
Transactions
- Sale
Common stock
2004-08-19$0.20/sh−5,000$1,000→ 68,672,256 total
Holdings
- 1
Warrant
Exercise: $0.10From: 2004-03-10Exp: 2009-02-16→ Common Stock (5,000,000 underlying) Convertible Promissory Note
From: 2004-08-19→ Common Stock (45,351,754 underlying)
Footnotes (2)
- [F1]With respect to $530,000 in convertible promissory notes, the conversion price is the lower of $2.50 or market. With respect to $1,637,000 in convertible promissory notes, the conversion price is the lower of $0.07 or market. With respect to a $1,700,000 convertible promissory note, the conversion price is equal to eighty-five percent of the average of the closing bid price for the common stock for the ten consecutive trading days prior to the date of election.
- [F2]With respect to $530,000 in convertible promissory notes, the expiration date is 10/31/2005. With respect to $1,637,000 in convertible promissory notes, the expiration date is 10/31/2005. With respect to a $1,700,000 convertible promissory note, the expiration date is 10/31/2007.